According to Vanity Fair, Coinbase CEO Brian Armstrong said at the Vanity Fair summit that encryption is creating a new economy that is replacing and challenging a range of financial services. He said that the ideal situation is that as speculation is reduced, the market will stabilize. The actual development of this technology is much more linear than the bubble environment that occurs around cryptocurrencies. Brian Armstrong said that it just likes to use technology to make products, and this will be the focus of its future efforts, he said that efforts to make encryption a widely accepted and utilized resources. At the same time, Coinbase is a member of Libra that supports Facebook. For Libra, Brian Armstrong said he hopes the United States will embrace and embrace this area of innovation.